OND - ETF AI Analysis
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ProShares On-Demand ETF (OND)
Rating:57Neutral
Price Target:―
Positive Factors
Global Exposure
The fund invests across several countries, including the U.S., Asia, and Europe, which helps spread out geographic risk.
Sector Focus on Growth Areas
Heavy exposure to communication services and technology positions the ETF in industries that can benefit from long-term digital and on-demand trends.
Presence of Strong Individual Winners
Holdings like Nvidia and Electronic Arts have shown strong year-to-date performance, helping offset weakness in other stocks.
Negative Factors
Weak Recent Performance
The ETF has delivered negative returns so far this year and over the past three months, indicating recent struggles in its strategy.
Underperforming Top Holdings
Several of the largest positions, including Roblox, DoorDash, Grab, and others, have shown weak year-to-date performance, which drags on the fund’s results.
Above-Average Expense Ratio
The fund’s expense ratio is relatively high for an ETF, meaning more of investors’ returns go toward fees.
OND vs. SPDR S&P 500 ETF (SPY)
AUM2.51M
RegionGlobal
Expense Ratio0.58%
Beta1.12
IssuerProShares
Inception DateOct 26, 2021
Dividend YieldN/A
Asset ClassEquity
Index TrackedFactSet On-Demand Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume140
30 Day Avg. Volume252
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
44.45Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering26
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
OND Summary
The ProShares On-Demand ETF (OND) follows the FactSet On-Demand Index, focusing on companies in the “on-demand” economy—businesses that deliver goods and services quickly and digitally. It holds well-known names like Uber, DoorDash, Nvidia, and Spotify, covering areas such as ride-hailing, food delivery, gaming, and streaming. Investors might consider OND for growth potential and built-in diversification across many digital-first companies worldwide. However, this ETF is heavily tied to technology and online consumer trends, so its price can go up and down sharply as the market and consumer behavior change.
How much will it cost me?The ProShares On-Demand ETF (OND) has an expense ratio of 0.58%, meaning you’ll pay $5.80 per year for every $1,000 invested. This expense ratio is higher than average because the ETF is actively managed and focuses on a niche theme within the on-demand economy, requiring more specialized research and management.
What would affect this ETF?The ProShares On-Demand ETF could benefit from continued growth in the on-demand economy, driven by increasing consumer reliance on e-commerce, streaming services, and gig platforms, as well as advancements in technology like AI and automation. However, it may face challenges from regulatory changes affecting gig economy companies, economic slowdowns that reduce discretionary spending, or competition in the tech and communication sectors. Its global exposure and focus on innovative companies provide opportunities but also expose it to geopolitical risks and market volatility.
OND Top 10 Holdings
OND is leaning heavily into the global on-demand and digital services story, with Nvidia acting as a key engine of strength thanks to its rising momentum in AI and data centers. Capcom and Delivery Hero are also helping performance, riding steady-to-strong trends in gaming and food delivery. On the flip side, DoorDash, Uber, and Grab are losing steam, dragging on returns as investors question profitability in the gig and delivery space. Overall, the fund is concentrated in communication services and tech, with a global mix spanning the U.S., Asia, and Europe.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| DoorDash | 6.03% | $151.50K | $85.15B | -26.13% | 76 Outperform | |
| Roblox | 5.53% | $139.03K | $34.35B | -62.07% | 51 Neutral | |
| Nvidia | 5.37% | $135.05K | $5.53T | 25.18% | 76 Outperform | |
| Capcom Co | 5.14% | $129.18K | ¥1.84T | 0.98% | 69 Neutral | |
| Spotify | 5.14% | $129.11K | $108.94B | -22.78% | 66 Neutral | |
| Netease Inc | 4.93% | $124.00K | HK$616.22B | -18.49% | 80 Outperform | |
| Uber Technologies | 4.86% | $122.28K | $146.06B | -23.44% | 74 Outperform | |
| Take-Two | 4.79% | $120.38K | $39.91B | -15.29% | 53 Neutral | |
| Grab | 4.59% | $115.48K | $13.01B | -45.56% | 64 Neutral | |
| Delivery Hero SE | 4.35% | $109.25K | €11.33B | 50.86% | 50 Neutral |
OND Technical Analysis
Neutral
―
Price Trends
34.26
Negative
34.41
Negative
35.54
Negative
Market Momentum
-0.30
Negative
47.88
Neutral
76.14
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For OND, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 33.12, equal to the 50-day MA of 34.26, and equal to the 200-day MA of 35.54, indicating a neutral trend. The MACD of -0.30 indicates Negative momentum. The RSI at 47.88 is Neutral, neither overbought nor oversold. The STOCH value of 76.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for OND.
OND Peer Comparison
Comparison Results
Performance Comparison
OND
ProShares On-Demand ETF
33.32
-12.91
-27.93%
GNOM
Global X Genomics & Biotechnology ETF
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LOGO
Tidal Trust III Alpha Brands Consumption Leaders ETF
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PAWZ
ProShares Pet Care ETF
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YUNG
Corgi Longevity Consumer ETF
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STYL
Corgi Lifestyle Brands ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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